NPS adds rupee bonds from New Development Bank PFRDA opens a new investment route

NPS funds can now hold NDB rupee bonds from May 13

The PFRDA has revised NPS investment rules effective May 13, 2026, allowing pension funds to invest in rupee-denominated bonds issued by the New Development Bank. Until now, such foreign-bond options were limited to issuers like IBRD, IFC and ADB. Credit rating and maturity conditions remain largely unchanged, widening choices for both government and private NPS.